§15307. Prohibited interests of officers, directors and employees

An officer, director or employee of the institute or a spouse or dependent child of
any of those individuals may not receive any direct personal benefit from the activities
of the institute in assisting any private entity. This section does not prohibit
corporations or other entities with which an officer or director is associated by
reason of ownership or employment from participating in science and technology activities
with the institute if ownership or employment is made known to the board and the officer
or director abstains from voting on matters relating to that participation. This
prohibition does not extend to corporators who are not officers or directors of the
institute. [1999, c. 401, Pt. AAA, §3 (NEW).]

SECTION HISTORY

1999, c. 401, §AAA3 (NEW).

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